The 2021 tax filing season is on the horizon and kicks off on February 22, 2021.
There are many ways for small businesses to legally reduce their income taxes in Canada. This guide offers some of the top strategies to lower your taxes and keep more money in your business. ARTICLE TABLE OF CONTENTS Always Collect Receipts Manage RRSP and… Continue Reading “Small Business Tax Strategies – Reduce Income Tax (2020)”
Registered Retirement Savings Plan (RRSP) An RRSP (registered retirement savings plan) is an investment account that is registered with the Canadian government and is used as a vehicle to save for retirement. An RRSP is different than a typical investment account because it provides… Continue Reading “Financial planning 101: Retirement”
We spend a lot of time talking about how couples, families and businesses can protect their financial futures with life insurance. But what about if you are single—do you need life insurance, too? There are those people who have no children, no one depending… Continue Reading “Life Insurance for a Family of One”
Commodity futures contract Before we delve into the details of commodity futures, let’s first define a commodity. A commodity in economics is a basic good that is considered the same regardless of who produced it. With grain, for example, would you really be… Continue Reading “Financial planning 101: Investments”